Estados Unidos : Bank of America pays $7.5 million to settle charges it failed to prevent money laundering. Bank of America failed to detect that Brazilian companies were using a money transfer business' bank account to launder money. Bank of America said it recognized it failed to take adequate steps to verify information supplied by some customers in South America. The settlement includes a $6 million penalty paid to New York City and state and $1.5 million to pay for the cost of the three-year investigation by Manhattan District Attorney Robert Morgenthau's office. traducir

Bank of America agreed to pay a $750.000 fine to settle charges of widespread abuses in the auction rate market for municipal and corporate bonds. Between January 2003 and June 2004, the firms were involved in improper placement and manipulation of orders and also provided some customers with information giving them an advantage over others in determining what rate to bid. traducir

Created proprietary mutual funds to avoir paying state and federal incomes taxes billions of dollars of income from 1995 to the present traducir

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Alternet

2002

46,36

9,25

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mil milliones US$

2002

«Dead peasant insurance»: secretly bought life insurance on employees with the company as beneficiary for investment and tax purposes: tax-free investment income, tax deductions on interest paid on loans against the policy, tax free death benefits. traducir